Marc Andreessen Forms VC Fund

Marc Andreessen tells peHUB that he has launched a venture capital fund, alongside former Opsware executive Ben Horowitz. The pair have been co-investing as angels since 2007.

Andreessen, who became synonymous with Internet success after co-founding Netscape, first spoke about his investing collaboration with Horowitz on the Charlie Rose Show last night. We followed up with him this morning, and he confirmed that the partnership is a venture capital fund.

We’re still working to nail down more specific details. The firm registered with the California Secretary of State under the name Andreessen Horowitz in July 2008 and has taken an office on Page Mill Road in Palo Alto, Calif.

Andreessen is a board member of eBay and Facebook and was an early investor in companies such as Digg and Twitter.

Horowitz Andreessen Angel Fund I has been a prolific investor, backing an average of half-a-dozen startups a year, according to data collected by TechCrunch. Last year it backed social investing site kaChing, virtual worlds company Metaplace, mobile video company Qik, online publishing company Crowdfusion, dating site I’minlikewithyou, search company Blekko and lonelygirl15-producer EQAL, records show.

Andreessen says that his investment pace has actually been more regular than the records indicate, and that he and Horowitz have invested their own money in 36 startups over the past three years.

Andreessen says the firm will raise a fund, suggesting it will turn to outside investors, and will up its investment target from $100,000 to $500,000 per deal.

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12 Comments

  • Always worth revisiting Andreessen’s classic “The Truth About Venture Capitalists”: http://blog.pmarca.com/2007/06/the_truth_about.html

  • I wish he’d start blogging again. His posts were so good they were making other VC bloggers look bad.

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  • [...] Marc Andreessen Forms VC Fund PE HUB Marc Andreessen tells peHUB that he has launched a venture capital fund, alongside former Opsware executive Ben Horowitz. The pair have been co-investing as angels since 2007.Andreessen, who became synonymous with Internet success after co-founding Netscape, first spoke about his investing collaboration with Horowitz on the Charlie Rose Show last night. We followed up with him this morning, and he confirmed that the partnership is a venture capital fund. We’re still working to nail down more specific details. The firm registered with the California Secretary of State under the name Andreessen Horowitz in July 2008 and has taken an office on Page Mill Road in Palo Alto, Calif. Source> [...]

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